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Deductions & credits
I did pay $2000 dollars in Self-Employment Tax and received a deduction of $1000.
So I must get the $4000 net income from the two Schedule Cs + $2000 Self-Employment Tax to equal =$6000 earned income. Thus a $6000 Roth contribution. I don't think that's correct but I can't see the calculation TT is making because there is no Form 5329.
March 20, 2024
6:25 PM